Global Self Storage (NASDAQ:SELF) Shares Cross Below Fifty Day Moving Average – Here’s Why

Global Self Storage, Inc. (NASDAQ:SELF) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $5.14 and traded as low as $5.05. Global Self Storage shares last traded at $5.07, with a volume of 23,486 shares traded.

Global Self Storage Trading Up 1.6 %

The stock’s 50 day moving average price is $5.14 and its two-hundred day moving average price is $5.14. The firm has a market capitalization of $58.04 million, a PE ratio of 19.07 and a beta of 0.26.

Global Self Storage Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.0725 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 5.63%. Global Self Storage’s dividend payout ratio (DPR) is 107.41%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in Global Self Storage in the 4th quarter worth approximately $66,000. Bailard Inc. purchased a new stake in Global Self Storage in the 4th quarter worth approximately $126,000. Baker Ellis Asset Management LLC grew its stake in Global Self Storage by 20.0% in the 4th quarter. Baker Ellis Asset Management LLC now owns 24,000 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 4,000 shares during the period. AlphaCentric Advisors LLC purchased a new stake in Global Self Storage in the 4th quarter worth approximately $270,000. Finally, Crossingbridge Advisors LLC purchased a new stake in Global Self Storage in the 3rd quarter worth approximately $526,000. 28.88% of the stock is owned by hedge funds and other institutional investors.

About Global Self Storage

Global Self Storage is a self-administered and self-managed REIT that owns, operates, manages, acquires, and redevelops self-storage properties. The company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers.